Heard on the Street: Life expectancy at 65 is falling—and that means cash windfalls for insurers
That’s sobering for people turning 65, but for life insurers it is turning into a cash windfall. The trend will boost earnings for some U.S.
insurers, too, over time. Companies like Prudential Financial and Pacific Life, a mutual insurer, have become big reinsurers of the risk that British people live longer than expected.
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